Symbols / CCL $25.97 -0.92%
CCL Chart
About
Carnival Corporation & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company offers its services under the AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn brands. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Travel Services | Market Cap | 35.97B |
| Enterprise Value | 61.96B | Income | 2.76B | Sales | 26.62B |
| Book/sh | 9.36 | Cash/sh | 1.40 | Dividend Yield | 57.00% |
| Payout | 0.00% | Employees | 160000 | IPO | — |
| P/E | 12.98 | Forward P/E | 9.27 | PEG | — |
| P/S | 1.35 | P/B | 2.77 | P/C | — |
| EV/EBITDA | 8.67 | EV/Sales | 2.33 | Quick Ratio | 0.23 |
| Current Ratio | 0.32 | Debt/Eq | 227.88 | LT Debt/Eq | — |
| EPS (ttm) | 2.00 | EPS next Y | 2.80 | EPS Growth | 35.80% |
| Revenue Growth | 6.60% | Earnings | 2026-03-19 | ROA | 5.41% |
| ROE | 25.63% | ROIC | — | Gross Margin | 55.55% |
| Oper. Margin | 9.65% | Profit Margin | 10.37% | Shs Outstand | 1.24B |
| Shs Float | 1.28B | Short Float | 3.37% | Short Ratio | 1.82 |
| Short Interest | — | 52W High | 34.03 | 52W Low | 15.07 |
| Beta | 2.46 | Avg Volume | 22.62M | Volume | 20.20M |
| Target Price | $37.92 | Recom | Buy | Prev Close | $26.21 |
| Price | $25.97 | Change | -0.92% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$37.92
Mean price target
2. Current target
$25.97
Latest analyst target
3. DCF / Fair value
$22.51
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$25.97
Low
$30.00
High
$46.00
Mean
$37.92
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-11 | main | Goldman Sachs | Buy → Buy | $30 |
| 2026-03-11 | main | Stifel | Buy → Buy | $35 |
| 2026-03-05 | main | Wells Fargo | Overweight → Overweight | $40 |
| 2026-01-22 | main | Truist Securities | Hold → Hold | $34 |
| 2026-01-13 | main | TD Cowen | Buy → Buy | $38 |
| 2026-01-12 | main | UBS | Buy → Buy | $38 |
| 2026-01-12 | main | B of A Securities | Buy → Buy | $45 |
| 2026-01-06 | main | Bernstein | Market Perform → Market Perform | $33 |
| 2025-12-22 | main | Deutsche Bank | Hold → Hold | $34 |
| 2025-12-22 | main | Stifel | Buy → Buy | $40 |
| 2025-12-22 | main | Mizuho | Outperform → Outperform | $38 |
| 2025-12-22 | main | Citigroup | Buy → Buy | $39 |
| 2025-12-22 | main | Wells Fargo | Overweight → Overweight | $38 |
| 2025-12-22 | reit | Argus Research | Buy → Buy | $35 |
| 2025-12-22 | main | Barclays | Overweight → Overweight | $37 |
| 2025-12-18 | main | UBS | Buy → Buy | $37 |
| 2025-12-17 | main | Barclays | Overweight → Overweight | $36 |
| 2025-12-16 | main | Susquehanna | Positive → Positive | $40 |
| 2025-12-15 | main | Jefferies | Buy → Buy | $37 |
| 2025-12-12 | main | Wells Fargo | Overweight → Overweight | $35 |
News
RSS: Latest CCL news- Is Carnival Stock Poised for a Rally? - Trefis Wed, 11 Mar 2026 07
- Wall Street Still Likes Carnival $CCL But Still Drops Price Target - 24/7 Wall St. Wed, 11 Mar 2026 14
- Stifel Nicolaus Issues Pessimistic Forecast for Carnival (NYSE:CCL) Stock Price - MarketBeat Wed, 11 Mar 2026 12
- Carnival Stock Sinks 21% In One Month, As Rising Oil Prices Hit Cruise Lines - TIKR.com ue, 10 Mar 2026 12
- Oil shock deepens cruise stock sell-off (CCL:NYSE) - Seeking Alpha Mon, 09 Mar 2026 14
- Why Is Carnival (CCL) Stock Rocketing Higher Today - Yahoo Finance hu, 29 Jan 2026 08
- The 2 Worst-Hit Stocks Since the Iran War Started Drop Again. Why There’s Hope. - Barron's Mon, 09 Mar 2026 13
- Wall Street Still Likes Carnival $CCL But Still Drops Price Target - AOL.com Wed, 11 Mar 2026 14
- 115 days, 49 destinations: inside Princess 2028 world cruise - Stock Titan ue, 10 Mar 2026 18
- Carnival Stock To $18? - Trefis ue, 10 Mar 2026 05
- CCL, RCL, NCLH Stocks Slammed as Oil Prices Surge and Geopolitical Tensions Roil Cruise Sector - 24/7 Wall St. Mon, 09 Mar 2026 17
- The Goldman Sachs Group Cuts Carnival (NYSE:CCL) Price Target to $30.00 - MarketBeat Wed, 11 Mar 2026 18
- CCL, RCL, NCLH Stocks Slammed as Oil Prices Surge and Geopolitical Tensions Roil Cruise Sector - AOL.com Mon, 09 Mar 2026 17
- Has Carnival Stock Quietly Become a Value Opportunity? - Trefis Wed, 11 Mar 2026 05
- Russell Investments Group Ltd. Purchases 93,565 Shares of Carnival Corporation $CCL - MarketBeat Wed, 11 Mar 2026 10
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 635820 | — | — | Stock Award(Grant) at price 0.00 per share. | WEINSTEIN JOSHUA IAN | Chief Executive Officer | — | 2026-02-10 00:00:00 | D |
| 1 | 47686 | — | — | Stock Award(Grant) at price 0.00 per share. | DEYNES BETTINA ALEJANDRA | Officer | — | 2026-02-10 00:00:00 | D |
| 2 | 18164 | — | — | Stock Award(Grant) at price 0.00 per share. | LJOEN LARS JAKOB | Officer | — | 2026-02-10 00:00:00 | D |
| 3 | 63581 | — | — | Stock Award(Grant) at price 0.00 per share. | MIGUEZ ENRIQUE | General Counsel | — | 2026-02-10 00:00:00 | D |
| 4 | 333805 | — | — | Stock Award(Grant) at price 0.00 per share. | BERNSTEIN DAVID | Chief Financial Officer | — | 2026-02-10 00:00:00 | D |
| 5 | 361790 | 12016891 | — | Sale at price 33.22 per share. | BERNSTEIN DAVID | Chief Financial Officer | — | 2026-02-10 00:00:00 | D |
| 6 | 12500 | 371912 | — | Sale at price 29.75 per share. | BAND SIR JONATHON | Director | — | 2025-08-05 00:00:00 | D |
| 7 | 105010 | 2398533 | — | Sale at price 22.84 per share. | BERNSTEIN DAVID | Chief Financial Officer | — | 2025-05-15 00:00:00 | D |
| 8 | 262257 | — | — | Stock Award(Grant) at price 0.00 per share. | WEINSTEIN JOSHUA IAN | Chief Executive Officer | — | 2025-04-16 00:00:00 | D |
| 9 | 29692 | — | — | Stock Award(Grant) at price 0.00 per share. | DEYNES BETTINA ALEJANDRA | Officer | — | 2025-04-16 00:00:00 | D |
Financials
| Line Item | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -1.77M | -16.59M | -23.31M | -210.00K |
| TaxRateForCalcs | 0.00 | 0.21 | 0.21 | 0.21 |
| NormalizedEBITDA | 7.32B | 6.31B | 4.49B | -2.19B |
| TotalUnusualItems | -409.00M | -79.00M | -111.00M | -1.00M |
| TotalUnusualItemsExcludingGoodwill | -409.00M | -79.00M | -111.00M | -1.00M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 2.76B | 1.92B | -74.00M | -6.09B |
| ReconciledDepreciation | 2.79B | 2.56B | 2.37B | 2.27B |
| ReconciledCostOfRevenue | 15.95B | 15.64B | 14.32B | 11.76B |
| EBITDA | 6.91B | 6.23B | 4.37B | -2.20B |
| EBIT | 4.12B | 3.67B | 2.00B | -4.47B |
| NetInterestIncome | -1.30B | -1.66B | -1.83B | -1.53B |
| InterestExpense | 1.35B | 1.75B | 2.07B | 1.61B |
| InterestIncome | 51.00M | 93.00M | 233.00M | 74.00M |
| NormalizedIncome | 3.17B | 1.98B | 13.69M | -6.09B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 2.76B | 1.92B | -74.00M | -6.09B |
| TotalExpenses | 22.14B | 21.45B | 19.64B | 16.55B |
| TotalOperatingIncomeAsReported | 4.48B | 3.57B | 1.96B | -4.38B |
| DilutedAverageShares | 1.40B | 1.40B | 1.26B | 1.18B |
| BasicAverageShares | 1.31B | 1.27B | 1.26B | 1.18B |
| DilutedEPS | 2.02 | 1.44 | -0.06 | -5.16 |
| BasicEPS | 2.10 | 1.50 | -0.06 | -5.16 |
| DilutedNIAvailtoComStockholders | 2.83B | 2.01B | -74.00M | -6.09B |
| AverageDilutionEarnings | 71.00M | 94.00M | 0.00 | |
| NetIncomeCommonStockholders | 2.76B | 1.92B | -74.00M | -6.09B |
| NetIncome | 2.76B | 1.92B | -74.00M | -6.09B |
| NetIncomeIncludingNoncontrollingInterests | 2.76B | 1.92B | -75.00M | -6.09B |
| NetIncomeContinuousOperations | 2.76B | 1.92B | -75.00M | -6.09B |
| TaxProvision | 12.00M | -1.00M | 13.00M | 14.00M |
| PretaxIncome | 2.77B | 1.92B | -62.00M | -6.08B |
| OtherIncomeExpense | -413.00M | 4.00M | -186.00M | -166.00M |
| OtherNonOperatingIncomeExpenses | -4.00M | 83.00M | -75.00M | -165.00M |
| SpecialIncomeCharges | -409.00M | -79.00M | -111.00M | -1.00M |
| OtherSpecialCharges | 409.00M | 79.00M | 111.00M | 1.00M |
| ImpairmentOfCapitalAssets | 0.00 | 0.00 | 226.00M | |
| NetNonOperatingInterestIncomeExpense | -1.30B | -1.66B | -1.83B | -1.53B |
| InterestExpenseNonOperating | 1.35B | 1.75B | 2.07B | 1.61B |
| InterestIncomeNonOperating | 51.00M | 93.00M | 233.00M | 74.00M |
| OperatingIncome | 4.48B | 3.57B | 1.96B | -4.38B |
| OperatingExpense | 6.19B | 5.81B | 5.32B | 4.79B |
| DepreciationAmortizationDepletionIncomeStatement | 2.79B | 2.56B | 2.37B | 2.27B |
| DepreciationAndAmortizationInIncomeStatement | 2.79B | 2.56B | 2.37B | 2.27B |
| SellingGeneralAndAdministration | 3.40B | 3.25B | 2.95B | 2.52B |
| GrossProfit | 10.67B | 9.38B | 7.28B | 412.00M |
| CostOfRevenue | 15.95B | 15.64B | 14.32B | 11.76B |
| TotalRevenue | 26.62B | 25.02B | 21.59B | 12.17B |
| OperatingRevenue | 26.62B | 25.02B | 21.59B | 12.17B |
| Line Item | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 |
|---|---|---|---|---|
| TreasurySharesNumber | 202.80M | 203.00M | 203.00M | 202.00M |
| OrdinarySharesNumber | 1.31B | 1.31B | 1.26B | 1.26B |
| ShareIssued | 1.44B | 1.44B | 1.39B | 1.39B |
| NetDebt | 24.71B | 26.26B | 28.16B | 30.52B |
| TotalDebt | 27.99B | 28.88B | 31.89B | 35.88B |
| TangibleBookValue | 10.53B | 7.51B | 5.13B | 5.33B |
| InvestedCapital | 38.92B | 36.73B | 37.45B | 41.61B |
| WorkingCapital | -8.87B | -8.24B | -6.21B | -3.11B |
| NetTangibleAssets | 10.53B | 7.51B | 5.13B | 5.33B |
| CapitalLeaseObligations | 1.35B | 1.40B | 1.32B | 1.33B |
| CommonStockEquity | 12.28B | 9.25B | 6.88B | 7.06B |
| TotalCapitalization | 36.32B | 35.19B | 35.37B | 39.02B |
| TotalEquityGrossMinorityInterest | 12.28B | 9.25B | 6.88B | 7.06B |
| StockholdersEquity | 12.28B | 9.25B | 6.88B | 7.06B |
| GainsLossesNotAffectingRetainedEarnings | -1.81B | -1.97B | -1.94B | -1.98B |
| OtherEquityAdjustments | 52.00M | 26.00M | 48.00M | 53.00M |
| ForeignCurrencyTranslationAdjustments | -1.82B | -1.96B | -1.95B | -2.00B |
| MinimumPensionLiabilities | -44.00M | -45.00M | -34.00M | -31.00M |
| TreasuryStock | 8.36B | 8.40B | 8.45B | 8.47B |
| RetainedEarnings | 4.82B | 2.10B | 185.00M | 269.00M |
| AdditionalPaidInCapital | 17.27B | 17.16B | 16.71B | 16.87B |
| CapitalStock | 374.00M | 374.00M | 373.00M | 373.00M |
| CommonStock | 374.00M | 374.00M | 373.00M | 373.00M |
| TotalLiabilitiesNetMinorityInterest | 39.40B | 39.80B | 42.24B | 44.64B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 26.31B | 28.19B | 30.76B | 34.03B |
| OtherNonCurrentLiabilities | 1.10B | 1.01B | 1.10B | 892.00M |
| LongTermDebtAndCapitalLeaseObligation | 25.21B | 27.18B | 29.65B | 33.14B |
| LongTermCapitalLeaseObligation | 1.18B | 1.24B | 1.17B | 1.19B |
| LongTermDebt | 24.04B | 25.94B | 28.48B | 31.95B |
| CurrentLiabilities | 13.09B | 11.62B | 11.48B | 10.61B |
| OtherCurrentLiabilities | -1.00M | -1.00M | ||
| CurrentDeferredLiabilities | 6.83B | 6.42B | 6.07B | 4.87B |
| CurrentDeferredRevenue | 6.83B | 6.42B | 6.07B | 4.87B |
| CurrentDebtAndCapitalLeaseObligation | 2.78B | 1.70B | 2.24B | 2.74B |
| CurrentCapitalLeaseObligation | 175.00M | 163.00M | 149.00M | 146.00M |
| CurrentDebt | 2.60B | 1.54B | 2.09B | 2.59B |
| OtherCurrentBorrowings | 2.60B | 1.54B | 2.09B | 2.39B |
| LineOfCredit | 0.00 | 200.00M | 2.79B | |
| PayablesAndAccruedExpenses | 3.48B | 3.49B | 3.17B | 2.99B |
| CurrentAccruedExpenses | 2.24B | 2.36B | 2.00B | 1.94B |
| Payables | 1.25B | 1.13B | 1.17B | 1.05B |
| AccountsPayable | 1.25B | 1.13B | 1.17B | 1.05B |
| TotalAssets | 51.69B | 49.06B | 49.12B | 51.70B |
| TotalNonCurrentAssets | 47.47B | 45.68B | 43.85B | 44.21B |
| OtherNonCurrentAssets | 890.00M | 775.00M | 725.00M | 2.52B |
| GoodwillAndOtherIntangibleAssets | 1.76B | 1.74B | 1.75B | 1.74B |
| OtherIntangibleAssets | 1.18B | 1.16B | 1.17B | 1.16B |
| Goodwill | 579.00M | 579.00M | 579.00M | 579.00M |
| NetPPE | 44.82B | 43.16B | 41.38B | 39.96B |
| AccumulatedDepreciation | -23.97B | -22.09B | -20.41B | -18.98B |
| GrossPPE | 68.79B | 65.26B | 61.79B | 58.94B |
| ConstructionInProgress | 464.00M | 535.00M | 1.28B | 785.00M |
| OtherProperties | 6.64B | 6.07B | 5.48B | 5.24B |
| MachineryFurnitureEquipment | 61.68B | 58.65B | 55.03B | 52.91B |
| CurrentAssets | 4.22B | 3.38B | 5.27B | 7.49B |
| OtherCurrentAssets | 1.11B | 1.07B | 1.76B | 652.00M |
| RestrictedCash | 11.00M | 1.99B | 14.00M | |
| PrepaidAssets | 652.00M | 379.00M | ||
| Inventory | 505.00M | 507.00M | 528.00M | 428.00M |
| Receivables | 678.00M | 590.00M | 556.00M | 395.00M |
| AccountsReceivable | 678.00M | 590.00M | 556.00M | 395.00M |
| CashCashEquivalentsAndShortTermInvestments | 1.93B | 1.21B | 2.42B | 4.03B |
| OtherShortTermInvestments | 0.00 | 200.00M | ||
| CashAndCashEquivalents | 1.93B | 1.21B | 2.42B | 4.03B |
| CashEquivalents | 1.93B | 1.21B | 2.42B | 4.03B |
| Line Item | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 |
|---|---|---|---|---|
| FreeCashFlow | 2.61B | 1.30B | 997.00M | -6.61B |
| RepurchaseOfCapitalStock | 0.00 | 0.00 | ||
| RepaymentOfDebt | -12.94B | -5.44B | -7.86B | -4.67B |
| IssuanceOfDebt | 11.15B | 3.10B | 2.96B | 7.21B |
| IssuanceOfCapitalStock | 0.00 | 5.00M | 1.18B | 1.01B |
| CapitalExpenditure | -3.61B | -4.63B | -3.28B | -4.94B |
| EndCashPosition | 1.96B | 1.23B | 2.44B | 6.04B |
| BeginningCashPosition | 1.23B | 2.44B | 6.04B | 8.98B |
| EffectOfExchangeRateChanges | 19.00M | -8.00M | 17.00M | -79.00M |
| ChangesInCash | 708.00M | -1.20B | -3.62B | -2.86B |
| FinancingCashFlow | -2.19B | -2.58B | -5.09B | 3.58B |
| CashFlowFromContinuingFinancingActivities | -2.19B | -2.58B | -5.09B | 3.58B |
| NetOtherFinancingCharges | -405.00M | -243.00M | -190.00M | -155.00M |
| ProceedsFromStockOptionExercised | 0.00 | 2.00M | 8.00M | 18.00M |
| CashDividendsPaid | 0.00 | 0.00 | ||
| NetCommonStockIssuance | 0.00 | 5.00M | 1.18B | 1.01B |
| CommonStockPayments | 0.00 | 0.00 | ||
| CommonStockIssuance | 0.00 | 5.00M | 1.18B | 1.01B |
| NetIssuancePaymentsOfDebt | -1.78B | -2.34B | -4.90B | 2.54B |
| NetShortTermDebtIssuance | 0.00 | 0.00 | -200.00M | -2.59B |
| ShortTermDebtPayments | 0.00 | 0.00 | -200.00M | -2.59B |
| NetLongTermDebtIssuance | -1.78B | -2.34B | -4.70B | 5.13B |
| LongTermDebtPayments | -12.94B | -5.44B | -7.66B | -2.08B |
| LongTermDebtIssuance | 11.15B | 3.10B | 2.96B | 7.21B |
| InvestingCashFlow | -3.32B | -4.54B | -2.81B | -4.77B |
| CashFlowFromContinuingInvestingActivities | -3.32B | -4.53B | -2.81B | -4.77B |
| NetOtherInvestingChanges | -33.00M | 33.00M | 134.00M | -97.00M |
| NetInvestmentPurchaseAndSale | 0.00 | 0.00 | 200.00M | -200.00M |
| SaleOfInvestment | 0.00 | 0.00 | 515.00M | 2.67B |
| PurchaseOfInvestment | 0.00 | 0.00 | -315.00M | -2.87B |
| NetBusinessPurchaseAndSale | 0.00 | -1.00M | -90.00M | |
| PurchaseOfBusiness | 0.00 | -1.00M | -90.00M | |
| NetPPEPurchaseAndSale | -3.29B | -4.57B | -2.94B | -4.87B |
| SaleOfPPE | 323.00M | 58.00M | 340.00M | 70.00M |
| PurchaseOfPPE | -3.61B | -4.63B | -3.28B | -4.94B |
| OperatingCashFlow | 6.22B | 5.92B | 4.28B | -1.67B |
| CashFlowFromContinuingOperatingActivities | 6.22B | 5.92B | 4.28B | -1.67B |
| ChangeInWorkingCapital | -145.00M | 960.00M | 1.52B | 1.16B |
| ChangeInOtherWorkingCapital | 308.00M | 507.00M | 1.17B | 1.68B |
| ChangeInPayablesAndAccruedExpense | -157.00M | 141.00M | 224.00M | 624.00M |
| ChangeInAccruedExpense | -218.00M | 167.00M | 147.00M | 341.00M |
| ChangeInPayable | 61.00M | -26.00M | 77.00M | 283.00M |
| ChangeInAccountPayable | 61.00M | -26.00M | 77.00M | 283.00M |
| ChangeInPrepaidAssets | -214.00M | 352.00M | 397.00M | -874.00M |
| ChangeInInventory | 2.00M | 9.00M | -85.00M | -95.00M |
| ChangeInReceivables | -84.00M | -49.00M | -180.00M | -171.00M |
| OtherNonCashItems | 426.00M | 393.00M | 397.00M | 382.00M |
| StockBasedCompensation | 98.00M | 62.00M | 53.00M | 101.00M |
| AssetImpairmentCharge | 0.00 | 21.00M | 470.00M | 834.00M |
| DepreciationAmortizationDepletion | 2.79B | 2.56B | 2.37B | 2.27B |
| DepreciationAndAmortization | 2.79B | 2.56B | 2.37B | 2.27B |
| OperatingGainsLosses | 289.00M | 35.00M | 10.00M | 32.00M |
| EarningsLossesFromEquityInvestments | -9.00M | 13.00M | 38.00M | 129.00M |
| GainLossOnSaleOfPPE | -112.00M | -41.00M | -88.00M | -7.00M |
| NetIncomeFromContinuingOperations | 2.76B | 1.92B | -74.00M | -6.09B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for CCL
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|